Metlife Inc (MET) : Atria Investments scooped up 7,309 additional shares in Metlife Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 36,612 shares of Metlife Inc which is valued at $1,732,114.Metlife Inc makes up approximately 0.16% of Atria Investments’s portfolio.
Other Hedge Funds, Including , Legal General Group Plc boosted its stake in MET in the latest quarter, The investment management firm added 80,668 additional shares and now holds a total of 4,494,003 shares of Metlife Inc which is valued at $212,611,282. Metlife Inc makes up approx 0.22% of Legal General Group Plc’s portfolio.Gradient Investments boosted its stake in MET in the latest quarter, The investment management firm added 59 additional shares and now holds a total of 189 shares of Metlife Inc which is valued at $8,993. Capital Asset Advisory Services added MET to its portfolio by purchasing 8,984 company shares during the most recent quarter which is valued at $427,459. Metlife Inc makes up approx 0.59% of Capital Asset Advisory Services’s portfolio.Franklin Street Advisors Inc Nc boosted its stake in MET in the latest quarter, The investment management firm added 7,733 additional shares and now holds a total of 124,962 shares of Metlife Inc which is valued at $5,747,002. Metlife Inc makes up approx 1.06% of Franklin Street Advisors Inc Nc’s portfolio.Chevy Chase Trust Holdings reduced its stake in MET by selling 21,795 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 924,290 shares of MET which is valued at $42,508,097. Metlife Inc makes up approx 0.23% of Chevy Chase Trust Holdings’s portfolio.
Metlife Inc closed down -0.27 points or -0.57% at $47.31 with 72,42,612 shares getting traded on Tuesday. Post opening the session at $47.72, the shares hit an intraday low of $47 and an intraday high of $48.045 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Metlife Inc reported $0.83 EPS for the quarter, missing the analyst consensus estimate by $ -0.52 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $1.35. The company had revenue of $16955.00 million for the quarter, compared to analysts expectations of $17201.68 million. The company’s revenue was down -2.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.56 EPS.
Many Wall Street Analysts have commented on Metlife Inc. Metlife Inc was Initiated by Credit Suisse to “Neutral” on Oct 7, 2016. Metlife Inc was Resumed by Wells Fargo to “Outperform” on Sep 23, 2016. Company shares were Reiterated by FBR Capital on Aug 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 54 from a previous price target of $51 .
MetLife Inc. (MetLife) is a provider of life insurance annuities employee benefits and asset management. The Companys segments include Retail; Group Voluntary & Worksite Benefits and Corporate Benefit Funding. Its three geographic segments are Latin America (collectively the Americas); Asia and Europe the Middle East and Africa (EMEA). In addition MetLife’s Corporate & Other includes MetLife Home Loans LLC (MLHL) the surviving non-bank entity of the merger of MetLife Bank National Association (MetLife Bank) with and into MLHL and other business activities. Through its subsidiaries and affiliates it operates in the United States Japan Latin America Asia Europe and the Middle East. The Companys businesses in the Americas offer a range of protection products and services.